Income from Partnership firm business to its partners

Hello all,
I have a query, we are doing Partnership firm business of manufacturing cement bricks and Partnership business is under loss for F.Y.2021-2022. hence no salary and Interest on capital has been received, is it mandatory to show partners salary in Partnership p&l? or can it prepare its p&l without salary to partners?
Replies (3)
Quick Summary
This discussion clarifies whether a partnership firm must show partner salaries and interest on capital in its Profit & Loss account, even if the business is operating at a loss. While it's not always mandatory to show these if no salary or interest has been paid, the partnership deed's clauses are crucial. Reviewing your deed will determine the specific requirements for your firm's financial reporting.

Not mandatory in such cases.

Yes it is mandatory to show partners salary in partnership p & l.
For that you need to check clause for it in partnership deed

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